The Freeman: April 1988 Volume 38, 1988

This issue examines the meaning of equality, teaches basic economics through “Mom’s Monopoly,” and shows why state-aided firms underperform true entrepreneurs. Additional essays challenge myths about Japanese industrial policy, defend private support for the arts, critique public arts funding, and argue that open markets diminish discrimination. The issue also evaluates misguided job-creation metrics and questions whether aviation regulation truly improves safety.